Pios automobiles co. reported net income of 20,000,000 at December 31, 2018.

Pios automobiles co. reported net income of 20,000,000 at December 31, 2018. however, a review of the inventory reveal that the January 1, 2018 inventory was overstated by $2,000,000 and the December 31, 2018 inventory was understated by $4,000,000

The correct net income for December 31, 2018 should be?